Here’s a summary of the uncertainties that threaten a return to the market and credit collapse conditions of late 2008 and early 2009.
1. Will the plan receive approval quickly enough? Per Find Out How Much The Greek Bailout Is Costing You, given the below uncertainties, EU households may...
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Heads up on the GBP/USD and the GBP/JPY!
These two GBP based pairs need a break like crazy. They have been trading in ranges for days. With elections and news on the horizon, I would put these two currency pairs in focus.
Here are the charts:
The GBP/USD has been range bound for...
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GBPUSD: Downside Risk Points To The 1.5127/25 Levels
GBPUSD: The pair continues to face bear pressure triggered off the 1.5389 level, its April 30’10 high as it now eyes a retarget of its range low at the 1.5127/25 levels, its April 06/28’10 lows. That zone is very important to the...
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USDJPY: Struggles At Higher Levels
USDJPY: After rallying strongly higher to test its resistance at the 94.76 level, its 2010 high on Monday, the pair is now finding it difficult to hold above its intra day high of 94.97. It has given back those gains as at the time of this analysis. Our...
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